Source (USIBC)

Policy/ Market News:

1. Price no bar,FIIs raise stake in realty cos (Press Trust of India, August 13)

By Dhruva Jyoti Chowdhury

Kolkata, India: Securities and Exchange Board of India (SEBI), the market regulator in the country is pretty serious about clamping down on manipulation by the Indian Real estate players inflating their land banks to boost value and is unfazed by concerns that new disclosure norms will keep realty companies from tapping the market.

New NDMA guidelines: Loans only for earthquake resistant buildings

By Vipin Agnihotri

By Avadh Singh

It has come into the notice of The India Street that in Mumbai, where unreal property prices have elbowed middle-class property buyers out, around 500 affordable flats will be ready for sale by next month. Initial signs are that the flats are in a price range of Rs 7-10 lakh and are spread across Sion, Vikhroli, Powai, Goregaon, Malad and Dindoshi.

By Vipin Agnihotri

In case if you believe the lay expert, the boom in the property market is over and the market is headed for a correction. On the other hand, if you are interested in the real picture, forget the lay expert and follow what business captains running more conventional corporate houses are planning.

By Avadh Singh

There is a lack of real estate opportunities for retailers in Southern states which have certainly hampered the region's rapport as area offering potential growth.

Mumbai, India: DLF Ltd has said it would invest Rs 3,500 crore - roughly a third of its planned initial public offering (IPO) - in building up its land reserves. This is significantly lower than its earlier plan of investing Rs 6,500 crore for the purpose.

Announcing its plans here today, DLF said it hoped to raise Rs 9,625 crore through a public issue of 1.75 crore shares in the price band of Rs 500-550 between June 11 and 14.

By Vipin Agnihotri

Home loan borrowers in India have to wait for a bit before they see interest rates softening up. Home loan experts while speaking to The India Street has said that this can only happen if the Reserve Bank of India (RBI) relaxes few of the fiscal curbs it has imposed on banks.